I don't think I would call it wage inflation. Wage inflation is part of it, but we have experienced inflation all across the board. Insurance costs in some cases have gone up by up to 400%. We have been affected by the supply chain, so that has an effect on getting materials into the hotels, as well as on food prices, etc. There has been an increase in costs across the board, including wage inflation.
On December 9th, 2021. See this statement in context.